Financial Services Firms

In accordance with section 30(4)(a) of the Financial Services and Markets Regulations 2015, the following limitation(s) and stipulation(s) apply to each Regulated Activity, unless specified otherwise:

• ZE Transaction Solutions Ltd is not permitted to deal with Retail Clients, as defined in the Conduct of Business Rulebook (COBS);
• In carrying on the Regulated Activity of Providing Money Services, ZE Transaction Solutions Ltd is restricted to carrying on Payment Services in the form of:
  a. Services enabling cash to be placed in, or withdrawn from, a Payment Account and all operations required for operating a Payment;
  b. The execution of Payment Transactions; including transfers of Money to or from a Payment Account by the user’s Payment Service Provider, or by another Payment Service Provider, through:
  i) Direct debits, including one-off direct debits;
  ii) Payment Transactions through a Payment Instrument;
  iii) Credit transfers between bank accounts, including standing orders;
  c. Receiving money or monetary value for transmission by means of a Payment Instrument to a location within or outside the ADGM.

None